RSS Feed

Is Bankruptcy 'Business As Usual' For Airlines?

American Airlines is the latest airline to file for Chapter 11 bankruptcy protection. Bankruptcy filings seem almost commonplace within the industry these days, in part because the stigma has largely disappeared.

Obama Pushes Payroll Tax Cut

President Obama is ramping up his campaign for a continuation of a payroll tax cut, which only affects the first $106,000 in individual income. Republicans object, in part because they don't even consider it a tax since the money goes to the Social Security Trust Fund. Democrats see it as a progressive tax cut. "Spreading the wealth" is a theme Obama campaigned on four years ago.

Hard Times Inspire Ky. College Students To Action

Berea College's 1,600 students come from low-income households, and sophomore Emily Nugent says they "know about the challenges Americans are facing." Inspired by their own diverse backgrounds, they're taking up causes like standing with the newly poor, helping immigrants or embracing their heritage.

What Strong Holiday Retail Means For US Economy

Black Friday sales surged to their highest level since 2007, and early results from Cyber Monday's online sales are up almost 20 percent over 2010. The U.S. economy and many consumers continue to struggle, however, and some forecasters worry that the encouraging retail boost is unsustainable.

Consumer Confidence Bounces Higher

The sharp rise may be a sign that consumers are growing less anxious about the economy. But the widely watched index is still well below boom-time levels.

Home Prices 'Drifted Lower' In Recent Months

The worst may be over for the housing market, but a "sustained recovery" is unlikely until the economy gains strength, according to the latest S&P/Case-Shiller Home Price Indices report.

American Airlines Files For Chapter 11 Bankruptcy Protection

Weighed down by losses, a weak economy and the ripple effects of Europe's financial crisis, the company is looking to reorganize. It says operations will continue as normal.

Demand For Denver Apartments Outstrips Supply

The housing crisis has stalled home building but apartment construction is undergoing a bit of a renaissance. There's now a huge pool of people forced to rent because they can't afford to buy a home, or they were a victim of foreclosure. In Denver, there aren't enough apartment vacancies.